Exhibit 7-1
The following data was collected from a simple random sample from a process (an infinite population).
-Refer to Exhibit 7-1. The point estimate of the population mean
A)is 5
B)is 14
C)is 4
D)cannot be determined because the population is infinite

Question

Exhibit 7-1
The following data was collected from a simple random sample from a process (an infinite population). 
-Refer to Exhibit 7-1. The point estimate of the population mean
A)is 5 
B)is 14 
C)is 4 
D)cannot be determined because the population is infinite

Quizplus · Accepted Answer

The point estimate of the population mean is the sample mean, which is calculated as the sum of the sample observations divided by the sample size. In this case, the sum of the sample observations is 140 and the sample size is 10, so the sample mean is 14.

Exhibit 7-1 The Following Data Was Collected from a Simple Random Sample